IndusInd Bank Ltd expects to grow in line with the country's banking sector next year, following efforts to clean up its books and complete an organisational overhaul triggered by accounting lapses earlier this year, its new chief said.

The bank, whose largest shareholder is the UK-based Hinduja family, found itself in the midst of a crisis as governance and accounting lapses led to the exit of its former CEO, Sumant Kathpalia and deputy Arun Khurana. The bank took a $230 million hit to its accounts and posted its largest-ever loss in the quarter ended March 31.

In the September quarter - the first under new chief executive Rajiv Anand - the bank reported a net loss as its loan and deposit portfolios shrank. "Financial year 2026-27 is when we start to grow broadly in line with the marke

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